He acknowledged that the power utility is in desperate need of help and announced that a task team of experts will be tackling the problem.

“I’ll be announcing a task team that is going to be looking at Eskom in terms of the current difficulties which will also strengthen what management is doing. We’re also going to look at Eskom’s business model.”

He says a number of possible solutions will be considered.

“We will look at how to best position Eskom. We’re going to look at the funding model of Eskom going forward, and we’ll look at how we should structure Eskom.